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Global Banking and Finance Review

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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    EU plans December announcement to make small EVs more affordable, Sejourne says

    Published by Global Banking and Finance Review

    Posted on November 4, 2025

    Featured image for article about Headlines

    PARIS (Reuters) -The European Commission aims to announce the creation of a new category of affordable small electric cars in December in an effort to counter Chinese competition and revive the European market, an EU commissioner said on Tuesday.

    WHY IT'S IMPORTANT

    The Commission has been working on creating an intermediate category between quadricycles that weigh a few hundred kilograms and all other cars, so that small electric vehicles no longer have to include as much safety equipment and technology as a large saloon car. So far, the timeline of such a reform was uncertain.

    CONTEXT

    Several carmakers have been pushing for regulatory change to support sales of small electric vehicles made in Europe, at a time when Chinese brands are starting to gain market share on their turf. Renault Group CEO François Provost recommended on Tuesday that automotive regulations in Europe befrozen for 10 to 15 years to encourage the emergence of thiscategory, which would include cars up to 4.2 metres long.

    KEY QUOTES

    "The goal for manufacturers is to bring new small vehiclespriced between 15,000 and 20,000 euros to the market, and sinceregulatory constraints also factor into the price, we are goingto create this regulatory framework", European Commissioner for Industry Stephane Sejourne said at the Automotive Industry Day in Paris.

    He added that he aims for the new framework to be includedin the Commission's announcements on December 10.

    (Reporting by Gilles Guillaume, writing by GV De Clercq; Editing by Rosalba O'Brien)

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